Oregon Investment Council, Tigard, which runs the $77.2 billion Oregon Public Employees Retirement Fund, launched an RFP for its first diversifying strategies consultant, said spokeswoman Rachel Wray in an email.
The council has $3.6 billion invested in diversified strategies and a 7.5% target allocation. The goal is to systematically capture certain risk premiums beyond traditional equities and fixed income. Strategies may include relative value, macro, arbitrage and long/short equity. Risk is diversified across multiple managers.
The RFP is located on the website of the Oregon Procurement Information Network. Responses to the RFP are due Aug, 14, with the notice of intent to award expected by Oct. 28.
